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Edgewater Technology Inc (EDGW.OQ)

EDGW.OQ on NASDAQ Stock Exchange Global Market

7.08USD
21 Jul 2017
Change (% chg)

$0.03 (+0.43%)
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$7.05
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Volume
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Latest Key Developments (Source: Significant Developments)

Lone Star Value Management reports 2.3 pct stake in Edgewater Technology
Friday, 9 Jun 2017 04:41pm EDT 

June 9 (Reuters) - Edgewater Technology Inc ::Lone Star Value Management Llc reports 2.3 percent stake in Edgewater Technology Inc as of june 7 versus 6.2 percent stake as of Jan 27 - sec filing.  Full Article

Edgewater appoints chairman, interim president and CEO
Thursday, 9 Mar 2017 04:01pm EST 

Edgewater Technology Inc : Jeffrey Rutherford, a member of company's board, as chairman and interim president and CEO . Rutherford replaces Shirley Singleton .Edgewater announces appointment of chairman and interim president and CEO.  Full Article

Ancora Advisors reports 10.65 pct stake in Edgewater Technology
Wednesday, 8 Mar 2017 08:30am EST 

Edgewater Technology Inc :Ancora Advisors Llc reports 10.65 percent stake in Edgewater Technology Inc as of March 3 versus 9.6 percent stake as of February 16 - sec filing.  Full Article

Edgewater Q4 loss per share $0.28
Wednesday, 1 Mar 2017 08:30am EST 

Edgewater Technology Inc : Edgewater reports fourth quarter and full year 2016 results . Edgewater Technology Inc - we anticipate that service revenue will be in range of $25.0 million to $26.0 million during Q1 of 2017 . Q4 loss per share $0.28 . Q4 revenue $29.8 million versus $28.4 million . Edgewater Technology Inc - for full year 2017, company is targeting low single-digit service revenue growth .Edgewater Technology Inc - for full year 2017, company is targeting doubling its cloud-based service revenue on a year-over-year basis.  Full Article

Lone Star Value Management LLC reports 6.2 pct stake in Edgewater Technology as of Jan 27 - SEC Filing
Friday, 3 Feb 2017 05:14pm EST 

Edgewater Technology Inc : Lone Star Value Management LLC reports 6.2 percent stake in Edgewater Technology Inc as of Jan 27 - SEC Filing .Lone Star Value Management LLC - Purchased shares of Edgewater Technology based belief shares, when purchased, were "undervalued" - SEC Filing.  Full Article

Ancora Advisors fights to maximize value for Edgewater stakeholders
Thursday, 22 Dec 2016 08:37am EST 

Ancora Advisors: Ancora Advisors - "believes that urgent and substantial change" is needed on Edgewater technology board . Ancora Advisors - has "serious concerns" regarding way co has been managed by certain senior executives, specifically Edgewater's CEO, Shirley Singleton, CTO, David Clancey . Ancora Advisors-believes board has failed to "adequately explore "all strategic opportunities to maximize stockholder value during co's formal review of strategic alternatives . Ancora Advisors-urges shareholders to join in seeking to remove four current directors of Edgewater Paul Flynn, Paul Guzzi, Michael Loeb, Wayne Wilson . Ancora advisors-believes co's "bloated" SG&A costs, declining consultant utilization rates, excessive compensation to Singleton, Clancey impacted stock price . Ancora Advisors LLC - a 9.5% shareholder of Edgewater technology inc filed a consent solicitation with sec . Ancora advisors- "consent solicitation if successful would be to remove four existing members of board of directors of Edgewater" . Ancora Advisors- "believes that board failed to adequately vet opportunity to monetize parts of company" .Ancora Advisors - urges shareholders to elect Ancora's four nominees Matthew Carpenter, Frederick Disanto, Jeffrey Futherford, Kurtis Wolf.  Full Article

Edgewater announces extension of stock repurchase program
Friday, 23 Sep 2016 08:30am EDT 

Edgewater Technology Inc : Edgewater announces extension of stock repurchase program . Edgewater Technology Inc says approved an extension of company's stock repurchase program to September 22, 2017 .Says repurchase program allows for repurchase of up to $23.1 million of company's common stock.  Full Article

Edgewater Q2 earnings per share $0.09
Wednesday, 3 Aug 2016 08:30am EDT 

Edgewater Technology Inc : Q2 earnings per share $0.09 . Edgewater reports second quarter 2016 results . Q2 revenue $34 million versus $30.5 million . Expect service revenue for Q3 of 2016 to be in range of $29 million to $30 million .Expect Q3 service revenue for Q3 of 2016 to be in range of $29 million to $30 million.  Full Article

Edgewater Technology Inc acquires M2 Dynamics
Tuesday, 22 Dec 2015 08:30am EST 

Edgewater Technology Inc:Announced that it has acquired the assets of M2 Dynamics Inc.Total consideration paid at closing was approximately $16.1 million, in cash.Ridgecrest Advisors served as an advisor to Edgewater on this transaction.  Full Article

Edgewater Announces Review of Strategic Alternatives
Monday, 30 Nov 2015 08:30am EST 

Edgewater Technology, Inc:That its Board of Directors has authorized the review of strategic alternatives to enhance shareholder value.Signal Hill Capital Group LLC is serving as Edgewater's financial advisor and Hinckley, Allen & Snyder LLP and Jones Day are acting as legal counsel.  Full Article

BRIEF-Lone Star Value Management reports 2.3 pct stake in Edgewater Technology

* Lone Star Value Management Llc reports 2.3 percent stake in Edgewater Technology Inc as of june 7 versus 6.2 percent stake as of Jan 27 - sec filing Source text for Eikon: Further company coverage: